prorate

Definition

To allocate proportionately.

Use prorate in a sentence

We had to prorate the stuff, and that made me laugh because it sounded like an athletic term you use in sports.

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We decided to prorate the rent for the unit as we wanted to begin our new venture immediately by moving in today.

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When my boss left his job midway through the year, the company agreed to prorate his bonus in gratitude for all his hard work.

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proprietorship proration